Bank Of Baku

Oil price down

Oil price down
# 05 March 2010 07:19 (UTC +04:00)
Baku – APA-Economics. A stronger dollar pushed oil prices down toward $80 a barrel Thursday after a two-day jump fueled by growing investor optimism that global crude demand is recovering.

By early afternoon in Europe, benchmark crude for April delivery was down 38 cents to $80.49 a barrel in electronic trading on the New York Mercantile Exchange. The contract climbed $1.19 to settle at $80.87 on Wednesday after rising 98 cents on Tuesday.

In London, Brent crude was down 48 cents at $78.27 on the ICE futures exchange.
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